The Ministry of Economy launched two public consultations related to trade and investment, specifically, the regulatory framework on the import of re-manufactured goods, and the Brazilian Cooperation and Facilitation Investment Agreement (CFIA) model.
The Ministry of Economy launched two public consultations related to trade and investment, designed to collect public contributions for the improvement of the regulatory framework on the import of re-manufactured goods, and the Cooperation and Facilitation Investment Agreement (CFIA).
Public consultation on the import of re-manufactured goods
Through Ordinance n. 45/2021, the Ministry of Economy launched a public consultation intended to survey the public opinion on the current regulatory framework for importing re-manufactured goods or goods destined to re-manufacture. The current framework restricts those imports to specific conditions, such as the absence of domestic like products, in accordance with Ordinance n. 23/2011 (foreign trade operations).
The public consultation seeks to assess which regulatory alternative is the most economically efficient, considering the evaluation of investment generation, job generation, productivity gains, and consumer welfare generation. The assessment may vary according to the product groups considered, including machinery and equipment, and re-manufactured parts of machinery and equipment. More details are available in the technical note.
Contributions can be submitted through this form until August 30. The technical note and more information are available at the ministry’s website.
Public consultation on the CFIA
Through Ordinance n. 46/2021, the Ministry of Economy launched a public consultation designed to survey the public opinion on the Brazilian investment facilitation agreement model, the Cooperation and Facilitation Investment Agreement (CFIA/ACFI, in the Portuguese acronym). The CFIA framework includes provisions on non-discriminatory treatment, transparency, investor corporate social responsibility, and State-State dispute settlement. First established in 2015, there are currently two agreements (with Mexico and Angola) in force.
The public consultation seeks to assess the current CFIA model, evaluating potential changes that can improve its framework; mechanisms for dispute prevention and settlement; scope of protection; investment liberalization and facilitation; investor protection; and the State’s right to regulate. Contributions can be submitted through this form until August 30. More information is available at the ministry’s website.
